Wednesday, 13 November 2013

Pre-Market Brief

Good morning. Futures are moderately lower, sp -7pts, we're set to open around 1760. Metals are a touch higher, Gold +$7. Equity bears have another chance in the remainder of this week to knock the market to the sp'1735/30 zone, where there are multiple aspects of support.



So..we're set to open somewhat lower..nothing significant (yet), but there is distinct weakness out there.

Bears should seek a close in the 1755/50 zone, with significant follow through Thur/Friday. There is only one sig QE this the bears do have a window of opportunity.

Lets see what they can manage by the traditional turn point of 11am.